If you purchased Margin Protection last September for the 2022 crop season, you may be wondering how the inputs are tracking.

Margin Protection includes fixed costs and variable costs to determine the Expected Margin by county. The variable costs will impact a potential claim payment. The projected variable costs were determined in Aug/Sept of 2021.  The chart below shows how each input is tracking against the projected price.

In Hardin County, the input costs are tracking $21.48 per acre higher than the projected price. At $5.06 projected corn price, this has increased the county yield trigger from 190 to 194.25.

The harvest prices will be calculated from April 1 – April 30th for all inputs, except interest. Interest will be finalized from October 1 – October 30 along with the harvest price for corn.